Rajnish Khare has joined as the new Chief Digital Officer (CDO) of Union Bank of India. Khare joined the bank on November 2, 2022. A digital banking leader […]
Category: BFSI
Life insurers register 15 pc rise in new biz premium at Rs 24,916 cr in October
The new business premium income of India’s life insurance companies rose by 15.3 per cent to Rs 24,916.58 crore in October 2022, data from the […]
Motilal Oswal Alternates plans to raise Rs 2,000 crore via sixth realty fund
Motilal Oswal Alternates, the alternative investments arm of Motilal Oswal Group, is planning to raise over Rs 2,000 crore through its sixth real estate fund, […]
MFIs faced up to a 10% credit loss in FY21 and FY22 due to the pandemic
During the two years of the pandemic, microlenders experienced credit losses of up to 10%, but things are improving lately, with stressed asset levels dropping, […]
SIDBI likely to revamp microfinance equity fund scheme
The Small Industries Development Bank of India may revamp the microfinance equity fund scheme to support the small and medium sized micro lenders, which perennially […]
IRDAI in talks with govt for relaxation of Rs 100-crore entry capital for insurers: Debasish Panda
The Insurance Regulatory and Development Authority of India (IRDAI) has suggested the government to ease the minimum capital requirement of Rs 100 crore and permit […]
Motilal Oswal Alternates plans to raise Rs 2,000 crore via sixth realty fund
Motilal Oswal Alternates (MO Alternates), the alternative investments arm of Motilal Oswal Group, is planning to raise over ₹ 2,000 crore through its sixth real […]
Kotak Mahindra Bank plans to hire 20 investment bankers in bet on M&A recovery
Kotak Mahindra Bank’s investing banking arm is planning to expand its operation by hiring about 20 bankers, betting on a rebound in deals activity next […]
Indian banks’ loans rose 17.9% y/y in two weeks to Oct 21: RBI
Indian banks’ loans rose 17.9% in the two weeks to Oct. 21 from a year earlier, while deposits rose 9.5%, the Reserve Bank of India’s […]
Agri finance company Kissandhan eyes 15% of Farmers Producer Organisation business, signs up four FPOs in West Bengal
Multi-asset agri finance company Kissandhan and a subsidiary of the SLCM Group, is eyeing 15% of Farmers Producer Organisation (FPO) business from West Bengal. As […]